The Delhi High Court has admitted a petition by Ahmedabad based cryptocurrency exchange CoinRecoil which challenges the RBI’s order that barred all regulated entities like banks from dealing in virtual currencies. The high court has issued a notice to the central bank, the Ministry of Finance and GST Council on the matter. Read it here

The Reserve Bank of India (RBI) has made seeding of Aadhaar number in bank accounts mandatory as part of updated ‘Know Your Customer (KYC)’ guidelines, although the move will be “subject to the final judgment” on Aaadhar in the Supreme Court of India. The Supreme Court is currently hearing multiple petitions on the constitutional validity of the Aadhaar. Read it here

New data leak allows targeting by religion, caste and locality and provides Aadhaar and bank details

Security researcher Srinivas Kodali has reported the leak of data of individuals on a website that includes the Aadhaar number, bank – branch, IFSC code and account number, father’s name, address, gram panchayat, mobile number, ration card number, occupation, religion and caste information. Due to the sensitive nature of the leak, the name of the Andhra Pradesh government website is being withheld till the data can be secured. Read it here

Airtel profit falls by 77% to Rs 82.9 crore in Q4FY18

Bharti Airtel has reported a net profit of Rs 82.9 crore in the last quarter of the financial year 2017-18 (Q4FY18), recording a massive fall of nearly 77% as compared to the same quarter last year (Q4FY17) when it had posted a profit of Rs 373.40 crore. This is in line with the trend that has been seen in the past year. Last quarter (Q3FY18) also saw a plunge in profit by 39% to Rs 305.8 crore. Read it here

New Gmail revamp brings self destructing mails, offline mode and more

Google has unveiled the biggest revamp of Gmail in years with features like email snoozing, nudging, and confidential mode making their debut alongside a substantial visual redesign for Gmail on the web. Gmail is the world’s most popular email service with over 1.4 billion monthly active users. Read it here

Govt to draw e-commerce national policy, offline retailers complain about being left out

The government is expected to come out with an e-commerce policy framework within six months to address issues such as physical and digital infrastructure, regulatory regime, taxation policy, data flows, server localisation, intellectual property rights protection, FDI, technology flows, etc. The development is an outcome of the meeting chaired by Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu on the framework for National Policy on E-commerce. Read it here

Facebook has posted its first earnings since its the biggest fiasco of data scandal. In its earnings call for the quarter ended March 31, 2018 (Q1 2018), CEO Mark Zuckerberg said Facebook has important issues to address. Read it here

It took them a while but Twitter seems to have finally figured out how to make money. The social media company reported its second straight profitable quarter — which also happens to be the second profitable quarter in company history — as it shared its earnings report for the first three months of 2018 (Q1 2018). Read it here

Aadhaar numbers of 69,83,048 school children leaked, reports security researcher

Security researcher Srinivas Kodali has reported another leak of Aadhaar numbers, this time, of school going children, along with details of their school, class, medium (language) and date of birth. Read it here

Amazon reports net income of $1.6 billion, vows to continue investing in India

Amazon reported net income of $1.6 billion for the quarter ended March 31, 2017 (Q1 2018), more than double of the $724 million net income reported in the corresponding quarter last year. The company’s total revenues for the quarter stood at $51 billion, up 43% from $35.7 billion in Q1 2017. Read it here